01:36 PM EDT, 09/20/2024 (MT Newswires) -- Wedbush Securities cut its price target on Corbus Pharmaceuticals ( CRBP ) to $51 from $85 while keeping its outperform rating.

Corbus shares slumped 60%, with intraday trading volume at over 9.26 million compared with a daily average of about 297,000.

FedEx ( FDX ) reported a surprise decline late Thursday in fiscal Q1 adjusted earnings and revenue.

Shares plunged 14% as intraday trading volume rose to over 12 million from a daily average of about 1.73 million.

Wells Fargo downgraded Ares Commercial Real Estate ( ACRE ) to underweight from equal-weight and cut its price target to $7 from $7.50.

Shares slid 5.3% as intraday trading volume climbed to more than 614,000 from a daily average of about 486,000.

Price: 20.74, Change: -30.97, Percent Change: -59.89